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Tesla loses billions

Tesla’s new factories in Germany and the US are “losing billions of dollars” due to battery shortages and supply disruptions in China. Covid-19 lockdowns in China this year, including in Shanghai where Tesla has a huge factory, have made it increasingly difficult for manufacturers to operate. The plants are “losing billions of dollars right now. There’s a ton of expense and hardly any output,” he added in an interview with the Tesla Owners of Silicon Valley, a company-recognised club. gigafactories have been struggling to increase production since they were opened earlier this year. Do you think that there is a global over reliance on china for production and distribution in the manufacturing sector ?

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